Mosaic surpasses $6 billion in loans for residential solar installations and sustainable home improvements
Among the largest projects proposed in Canada, the Sunnynook Solar Energy project is set to bring Westbridge’s solar portfolio to over 735 MW in capacity.
In 2022, the United States is projected to massively increase its solar and wind generating capacity, extending a nearly two-decade march toward a cleaner grid.
Also on the rise: Community solar developers merge, Summit Ridge completes a big rooftop community solar project, and CIT Group refinances a 20-project solar portfolio.
The deal follows an earlier $210 million financing package for a 260 MW Texas solar project.
Paperwork was filed with the California Energy Commission to develop the project for installation in Kern County, California, a hotbed for solar and energy storage projects.
The installation brings Summit Ridge’s Maryland rooftop community solar portfolio to more than 75 MW.
The solar power facility signed a 25-year fixed price agreement to sell its electricity at roughly 8.9¢/kWh.
The projects are expected to reduce the city’s fossil fuel use for electricity by more than 80% by 2030.
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